Giyani Reports High Grade Results, up to 67.4% MnO, At The New Otse Prospect in Botswana
(firmenpresse) - OAKVILLE, ONTARIO -- (Marketwired) -- 08/10/17 -- Giyani Metals Corporation (TSX VENTURE: WDG)(FRANKFURT: KT9) ("Giyani" or the "Company") is pleased to announce that the Company has discovered and confirmed a second high grade manganese prospect near the town of Otse ("The Otse Prospect") that graded up to 67.4% manganese oxide (MnO) during the phase II regional mapping and sampling program at its 88% owned Kgwakgwe Hill (K.Hill) project in Botswana, Africa. The objective of this sampling program is to confirm and build confidence that a follow up drill testing campaign will deliver a sizeable compliant resource/reserve estimate in one or more of the areas currently being targeted.
The Otse Prospect is located 40 km east of the historical mine site on the Kgwakgwe hill top. Both prospects are located within the boundaries of the larger, manganese rich, K.Hill Project area. A total of 50 unique grab samples and 3 duplicates were collected from the Otse Prospect and submitted to SGS South Africa (PTY) LTD laboratories in Randburg, South Africa. Full assay results from these samples are presented as Appendix A hereunder.
Interpretation of the Manganese Occurrence at the Otse Prospect:
Manganese mineralization at the Otse Prospect occurs within a chert breccia unit, typically found stratigraphically on top of a manganiferous and ferruginous shale unit ().
The manganese occurs as replacement of the cement between clasts of the chert breccia ().
The style of mineralization is typically nodule-like and occasionally massive ().
This chert breccia unit is highly variable in thickness, ranging from a few meters up to 15 meters thick. The assay results indicate a similar grade to the manganese-shale sampled at the historical mine site on the Kgwakgwe hill, but mineralized material typically has a higher silica content. At this early stage, the Otse Prospect seems to be discontinuous with three different quarries showing mineralization. Continuity between these three occurrences can be determined through drilling ().
MnO grades of the 50 unique samples from the Otse Prospect vary between 15.4% and 67.4% and average 48.1% MnO (excluding one sample from the unmineralized hanging-wall with 0.07% MnO).
"This new discovery of the Otse Prospect, with high grade manganese occurrences, adds to our growing confidence in the potential size of deposits within our property in Botswana. Our team on the ground continues to sample the rest of the larger K.Hill Project area with early signs of a third potential prospect that we will be able to report on once the results are in," states Wajd Boubou, President.
Roger Moss, Ph.D., P.Geo, is the qualified person, as that term is defined by National Instrument 43-101, on behalf of the Company and has approved the scientific and technical content contained in this press release.
Additional information and corporate documents may be found on and on the Giyani website: .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
On behalf of the Board of Directors of Giyani Metals Corporation.
Duane Parnham, Executive Chairman & CEO
Forward-Looking Statements
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, the financial picture of the Company etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Appendix A: Assay Results from the New Otse Prospect.
Contacts:
Giyani Metals Corporation
Wajd Boubou
President
1.289.837.0066
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Datum: 09.08.2017 - 22:01 Uhr
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